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exercise 6 q.9 and 10 - Roth IRA Traditional IRA Savings...

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Initial Investment Balance in 30 years Withdrawl after 30 years at  Roth IRA 3750 $37,734.96  $37,734.96  Traditional IRA $5,000  $50,313.28  36225.56 Savings account $3,750  21538.09 21538.09 Savings account intrest rate Tax rate 8% 25% year initial balance interest tax end balance 1 3750 300 75 3975 2 3975 318 79.5 4213.5 3 4213.5 337.08 84.27 4466.31 4 4466.31 357.3 89.33 4734.29 5 4734.29 378.74 94.69 5018.35 6 5018.35 401.47 100.37 5319.45 7 5319.45 425.56 106.39 5638.61 8 5638.61 451.09 112.77 5976.93 9 5976.93 478.15 119.54 6335.55 10 6335.55 506.84 126.71 6715.68 11 6715.68 537.25 134.31 7118.62 12 7118.62 569.49 142.37 7545.74 13 7545.74 603.66 150.91 7998.48 14 7998.48 639.88 159.97 8478.39 15 8478.39 678.27 169.57 8987.09 16 8987.09 718.97 179.74 9526.32 17 9526.32 762.11 190.53 10097.9 18 10097.9 807.83 201.96 10703.77 19 10703.77 856.3 214.08 11346 20 11346 907.68 226.92 12026.76 21 12026.76 962.14 240.54 12748.36 22 12748.36 1019.87 254.97 13513.27 23 13513.27 1081.06 270.27 14324.06 24 14324.06 1145.92 286.48 15183.5 25 15183.5 1214.68 303.67 16094.52 26 16094.52 1287.56 321.89 17060.19 27 17060.19 1364.81 341.2 18083.8 28 18083.8 1446.7 361.68 19168.83 29 19168.83 1533.51 383.38 20318.95 30 20318.95 1625.52 406.38 21538.09
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 28%
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Life Insurance need calculation Li $10,000  Mortgage balance $170,000  Jack's income $80,000  Janine's income $25,000  Jack Jack's life insurance requirements year funeral $10,000  1 Mortgage $170,000  2 half income $452,848  3 less: employer life ins. $80,000  4 Total need $552,848  5 6 7 8 9 10 11 12 13 14 15 Janine Janine's life insurance requirements year funeral $10,000  1 Mortgage $170,000  2 half income $137,393  3 less: employer life ins. $25,000  4 Total need $292,393  5 6 7 8 9 10 11 12 13 14 15 Savings for college calcualtion
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